|
Report Date : |
06.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
TREVIRA GMBH |
|
|
|
|
Registered Office : |
Max-Fischer-Str. 11, D 86399 Bobingen |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
19.11.2008 |
|
|
|
|
Com. Reg. No.: |
HRB
24933 |
|
|
|
|
Legal Form : |
Private limited company |
|
|
|
|
Line of Business : |
·
Manufacture
of other textiles n.e.c. Secondary industrial sector ·
Manufacture
of man-made fibers ·
Agents
involved in the sale of textiles, apparel, footwear and leatherware ·
Activities
of holding companies |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow but correct |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Germany |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
GERMANY - ECONOMIC OVERVIEW
The German economy - the
fifth largest economy in the world in PPP terms and Europe's largest - is a
leading exporter of machinery, vehicles, chemicals, and household equipment and
benefits from a highly skilled labor force. Like its Western European
neighbors, Germany faces significant demographic challenges to sustained
long-term growth. Low fertility rates and declining net immigration are
increasing pressure on the country's social welfare system and necessitate
structural reforms. Reforms launched by the government of Chancellor Gerhard
SCHROEDER (1998-2005), deemed necessary to address chronically high
unemployment and low average growth, has contributed to strong growth and
falling unemployment. These advances, as well as a government subsidized,
reduced working hour scheme, help explain the relatively modest increase in
unemployment during the 2008-09 recession - the deepest since World War II -
and its decrease to 5.3% in 2013. The new German government introduced a minimum
wage of $11 per hour to take effect in 2015. Stimulus and stabilization efforts
initiated in 2008 and 2009 and tax cuts introduced in Chancellor Angela
MERKEL's second term increased Germany's total budget deficit - including
federal, state, and municipal - to 4.1% in 2010, but slower spending and higher
tax revenues reduced the deficit to 0.8% in 2011 and in 2012 Germany reached a
budget surplus of 0.1%. A constitutional amendment approved in 2009 limits the
federal government to structural deficits of no more than 0.35% of GDP per
annum as of 2016 though the target was already reached in 2012. Following the
March 2011 Fukushima nuclear disaster, Chancellor Angela MERKEL announced in
May 2011 that eight of the country's 17 nuclear reactors would be shut down
immediately and the remaining plants would close by 2022. Germany hopes to
replace nuclear power with renewable energy. Before the shutdown of the eight
reactors, Germany relied on nuclear power for 23% of its electricity generating
capacity and 46% of its base-load electricity production
|
Source
: CIA |
Trevira GmbH
Max-Fischer-Str. 11
D 86399 Bobingen
Telephone: 08234/96881111
Telefax: 08234/96995142
Homepage: www.trevira.com
E-mail: trevira.info@trevira.com
DE267297745
Business relations are
permissible.
LEGAL FORM Private
limited company
Date of foundation: 19.11.2008
Shareholders'
agreement: 19.11.2008
Registered on: 25.01.2010
Commercial Register: Local court 86150 Augsburg
under: HRB
24933
Share capital: EUR 25,300.00
Trevira Holdings GmbH
Max-Fischer-Str.
11
D
86399 Bobingen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Share: EUR 25,300.00
Registered on: 14.02.2011
Reg.
data: 86150 Augsburg, HRB 25899
Klaus
Holz
D
65396 Walluf
authorized to jointly represent the company
born: 12.12.1964
Marital status: unknown
Hans-Joachim Becker
D
42853 Remscheid
Uwe Wöhner
D
92224 Amberg
born:
18.08.1959
Profession: graduate engineer
Reinhold Gebhard
D 86399
Bobingen
Marital status: unknown
Edo
Henry Theo Lieven
Max-Reger-Str. 45
D
48527 Nordhorn
authorized to jointly represent the company
born:
17.02.1968
Proxy:
Claudia Mathe
D
03042 Cottbus
authorized to jointly represent the company
born:
16.09.1971
Proxy:
Hans-Peter Feuerstein
Frankfurter Str. 108
D
65719 Hofheim
authorized to jointly represent the company
born:
10.03.1960
Proxy:
Hartmann Huth
D
65439 Flörsheim
authorized to jointly represent the company
born:
28.02.1959
Proxy:
Manfred Christian
D
86368 Gersthofen
authorized
to jointly represent the company
born:
12.03.1954
Proxy:
Thomas
Rademacher
D
03172 Schenkendöbern
authorized to jointly represent the company
born: 23.04.1961
Further functions/participations of Klaus Holz
(Manager)
Proxy:
Trevira Abwicklungsgesellschaft mbH
Max-Fischer-Str. 11
D
86399 Bobingen
Legal
form: Private limited company
insolvent
Share
capital: EUR 1,000,000.00
Registered
on: 10.08.2006
Reg.
data: 86150 Augsburg, HRB 22022
Proxy:
Trevira Holding GmbH
Philipp-Reis-Str. 2
D
65795 Hattersheim
Legal
form: Private limited company
insolvent
Share
capital: EUR 25,000.00
Registered
on: 22.12.1999
Reg.
data: 60313 Frankfurt, HRB 48534
Proxy:
Trevira Holdings GmbH
Max-Fischer-Str. 11
D
86399 Bobingen
Legal
form: Private limited company
Share
capital: EUR 25,000.00
Registered
on: 14.02.2011
Reg.
data: 86150 Augsburg, HRB 25899
19.11.2008 -
18.11.2009 Schneider & Geiwitz
Beteiligungsgesellschaft 41 mbH (HRB
13521 AG Memmingen)
Bahnhofstr. 41
D
89231 Neu-Ulm
Private limited company
19.11.2009 -
25.01.2010 Schneider & Geiwitz
Beteiligungsgesellschaft 41 mbH (HRB
86753 AG Frankfurt)
Otto-Volger-Str. 3c
D
65843 Sulzbach
Private limited company
26.01.2010 -
24.06.2010 Trevira GmbH
Bahnhofstr.
41
D
89231 Neu-Ulm
Private limited company
10.11.2011 -
01.07.2013 Manager
Robert Gregan
D
93077 Bad Abbach
Main industrial sector
1399
Manufacture of other textiles n.e.c. Secondary industrial sector
20600
Manufacture of man-made fibers
4616 Agents involved in the sale of textiles,
apparel, footwear and leatherware
64200 Activities of holding companies
Branch:
Trevira GmbH
Forster Str. 54
D
03172 Guben
Payment experience: within agreed terms
Negative information:We
have no negative information at hand.
Balance sheet year: 2012
Type of ownership: Tenant
Address Max-Fischer-Str. 11
D
86399 Bobingen
Land register documents
were not available.
BAYERISCHE LANDESBANK,
80277 MÜNCHEN
Sort. code: 70050000
BIC: BYLADEMMXXX
Turnover: 2012 EUR 231,702,873.00
Profit: 2012 EUR -12,105,558.00
Equipment: EUR 1,372,110.00
Ac/ts receivable: EUR 9,247,173.00
Liabilities: EUR 43,739,914.00
Employees: 1,120
-
thereof permanent staff: 816
Balance sheet ratios
01.01.2012 - 31.12.2012
Equity ratio [%]: 35.90
Liquidity ratio: 0.23
Return on total capital
[%]: -8.11
Balance sheet ratios
01.01.2011 - 31.12.2011
Equity ratio [%]: 42.79
Liquidity ratio: 0.11
Return on total capital
[%]: -3.84
Balance sheet ratios
01.01.2010 - 31.12.2010
Equity ratio [%]: 44.16
Liquidity ratio: 0.49
Return on total capital
[%]: -4.88
Equity ratio
The equity ratio indicates
the portion of the equity as compared
to the total capital. The
higher the equity ratio, the better the
economic stability
(solvency) and thus the financial autonomy of
a company.
Liquidity ratio
The liquidity ratio shows
the proportion between adjusted
receivables and net
liabilities. The higher the ratio, the lower
the company's financial
dependancy from external creditors.
Return on total capital
The return on total capital
shows the efficiency and return on
the total capital employed
in the company. The higher the return
on total capital, the more
economically does the company work
with the invested capital.
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2012 - 31.12.2012
ASSETS EUR 81,684,519.47
Fixed assets
EUR 31,180,477.25
Intangible assets
EUR 670,714.09
Concessions, licences, rights
EUR 588,321.00
Advance payments for intang. assets
EUR 82,393.09
Tangible assets
EUR 29,908,321.60
Land / similar rights
EUR 5,842,000.69
Plant / machinery
EUR 20,890,581.00
Other tangible assets / fixtures and
fittings
EUR 1,372,109.63
Advance payments made / construction
in progress
EUR 1,803,630.28
Financial assets
EUR 601,441.56
Loans to participations /
subsidiaries and the like EUR 78,329.75
Loans to related companies
EUR 78,329.75
Securities included in fixed assets
EUR 523,111.81
Current assets
EUR 50,417,093.37
Stocks EUR 37,082,947.08
Raw materials, consumables and
supplies
EUR 5,951,619.37
Finished goods / work in progress
EUR 31,031,815.83
Advance payments made
EUR 99,511.88
Accounts receivable
EUR 9,247,172.62
Trade debtors
EUR 7,275,991.38
Amounts due from related companies
EUR 10,441.61
Amounts due from investee companies
EUR 61,820.57
Other debtors and assets
EUR 1,898,919.06
Liquid means
EUR 4,086,973.67
Remaining other assets
EUR 86,948.85
Accruals (assets) EUR 86,948.85
LIABILITIES EUR 81,684,519.47
Shareholders' equity
EUR 29,378,604.58
Capital
EUR 25,300.00
Subscribed capital (share capital)
EUR 25,300.00
Reserves
EUR 53,718,418.64
Capital reserves
EUR 53,718,418.64
Balance sheet profit/loss (+/-)
EUR -24,365,114.06
Profit / loss brought forward
EUR -12,259,555.89
Annual surplus / annual deficit
EUR -12,105,558.17
Provisions
EUR 8,566,001.23
Pension provisions and comparable
provisions EUR 427,771.30
Provisions for taxes
EUR 62,196.73
Other / unspecified provisions
EUR 8,076,033.20
Liabilities
EUR 43,739,913.66
Financial debts
EUR 29,316,364.20
Liabilities due to banks
EUR 29,316,364.20
Other liabilities
EUR 14,423,549.46
Trade creditors (for IAS incl. bills
of
exchange)
EUR 12,591,312.53
Liabilities from received advance
payments
EUR 179,663.15
Liabililties due to related companiesEUR 97,905.47
Liabilities due to investee companiesEUR 423,239.49
Unspecified other liabilities
EUR 1,131,428.82
thereof liabilities from tax /
financial authorities
EUR 597,890.67
thereof liabilities from social
security EUR 83,602.36
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 231,702,873.35
Inventory change + own costs (+/-)
EUR 2,198,822.78
Inventory change (+/-)
EUR 1,884,370.37
Capitalised own costs
EUR 314,452.41
Other operating income
EUR 6,890,368.27
Cost of materials EUR
162,655,543.95
Raw materials and supplies, purchased
goods
EUR 132,503,184.73
Purchased services
EUR 30,152,359.22
Gross result (+/-)
EUR 78,136,520.45
Staff expenses
EUR 48,416,954.48
Wages and salaries
EUR 40,094,417.92
Social security contributions and
expenses for pension plans and
benefits EUR 8,322,536.56
Total depreciation
EUR 5,693,269.76
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 5,693,269.76
Other operating expenses
EUR 28,061,590.31
Operating result from continuing
operations
EUR -4,035,294.10
Interest result (+/-)
EUR -1,049,840.42
Interest and similar income
EUR 61,429.78
thereof from related companies
EUR 52,720.49
Interest and similar expenses
EUR 1,111,270.20
thereof paid to related companies
EUR 0.00
Other financial result
EUR -1,154,268.69
Depreciation on financial assets and
marketable securities
EUR 1,154,268.69
Financial result (+/-)
EUR -2,204,109.11
Result from ordinary operations (+/-)
EUR -6,239,403.21
Extraordinary expenses
EUR 5,484,421.47
Extraordinary result (+/-)
EUR -5,484,421.47
Income tax / refund of income tax (+/-)EUR -107,085.29
Other
taxes / refund of taxes EUR -274,648.20
Tax
(+/-)
EUR -381,733.49
Annual surplus / annual deficit
EUR -12,105,558.17
Type
of balance
sheet: Company balance sheet
Financial year: 01.01.2011 - 31.12.2011
ASSETS EUR 87,285,483.97
Fixed assets
EUR 34,712,901.83
Intangible assets
EUR 720,144.00
Concessions, licences, rights EUR 704,838.00
Advance payments for intang. assets
EUR 15,306.00
Tangible assets
EUR 31,558,246.99
Land / similar rights
EUR 6,241,766.69
Plant / machinery
EUR 22,753,831.00
Other tangible assets / fixtures and
fittings
EUR 1,542,984.63
Advance payments made / construction
in progress EUR 1,019,664.67
Financial assets
EUR 2,434,510.84
Shares in participations /
subsidiaries and the like
EUR 513,086.47
Shares in related companies
EUR 513,086.47
Loans to participations /
subsidiaries and the like
EUR 1,336,233.87
Loans to related companies
EUR 1,336,233.87
Securities included in fixed assets
EUR 585,190.50
Current
assets EUR 52,565,230.01
Stocks
EUR 36,784,800.91
Raw materials, consumables and
supplies
EUR 5,444,649.75
Finished goods / work in progress
EUR 30,079,142.40
Advance payments made
EUR 1,261,008.76
Accounts receivable
EUR 10,620,798.26
thereof total due from shareholders
EUR 7,228,521.00
Trade debtors
EUR 8,166,150.95
Amounts due from related companies
EUR 51,248.14
Other debtors and assets
EUR 2,403,399.17
Liquid means
EUR 5,159,630.84
Remaining other assets
EUR 7,352.13
Accruals (assets)
EUR 7,352.13
LIABILITIES EUR 87,285,483.97
Shareholders' equity
EUR 41,484,162.75
Capital
EUR 25,300.00
Subscribed capital (share capital)
EUR 25,300.00
Reserves
EUR 53,718,418.64
Capital reserves
EUR 53,718,418.64
Balance sheet profit/loss (+/-)
EUR -12,259,555.89
Profit / loss brought forward
EUR -7,552,930.55
Annual surplus / annual deficit
EUR -4,706,625.34
Provisions EUR 9,865,731.31
Pension provisions and comparable
provisions
EUR 297,084.37
Other / unspecified provisions
EUR 9,568,646.94
Liabilities
EUR 35,935,589.91
Financial debts
EUR 27,155,306.56
Liabilities due to banks
EUR 27,155,306.56
Other liabilities
EUR 8,780,283.35
Trade creditors (for IAS incl. bills
of exchange)
EUR 7,810,080.98
Liabilities from received advance
payments
EUR 243,252.45
Liabililties due to related companiesEUR 29,852.30
Unspecified other liabilities
EUR 697,097.62
thereof liabilities from tax /
financial authorities
EUR 419,100.41
thereof liabilities from social
security
EUR 86,406.58
PROFIT AND LOSS ACCOUNT (cost-summary method)
according to Comm.
Code
(HGB)
Sales
EUR 255,049,310.06
Inventory change + own costs (+/-)
EUR 3,242,355.60
Inventory change (+/-) EUR 2,978,081.26
Capitalised own costs
EUR 264,274.34
Other operating income
EUR 8,981,815.39
Cost of materials
EUR 178,008,940.80
Raw materials and supplies, purchased
goods
EUR 139,731,618.32
Purchased services
EUR 38,277,322.48
Gross result (+/-)
EUR 89,264,540.25
Staff expenses
EUR 49,759,473.74
Wages and salaries
EUR 41,133,515.80
Social security contributions and
expenses for pension plans and
benefits
EUR 8,625,957.94
Total depreciation EUR 7,065,396.85
Depreciation on tangible / intangible
asssets (incl. start-up and exp. of
bus.
EUR 7,065,396.85
Other operating expenses
EUR 33,761,609.32
Operating result from continuing
operations
EUR -1,321,939.66
Interest result (+/-)
EUR -1,473,344.57
Interest and similar income
EUR 23,560.83
thereof from related companies
EUR 7,228.52
Interest and similar expenses
EUR 1,496,905.40
thereof paid to related companies
EUR 298,394.80
Financial result (+/-)
EUR -1,473,344.57
Result
from ordinary operations (+/-) EUR -2,795,284.23
Extraordinary expenses
EUR 1,630,382.28
Extraordinary result (+/-)
EUR -1,630,382.28
Income tax / refund of income tax (+/-)EUR -12,683.69
Other taxes / refund of taxes
EUR -268,275.14
Tax
(+/-)
EUR -280,958.83
Annual surplus / annual deficit
EUR -4,706,625.34
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.43 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.78.19 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.